Which If the Following Is Not One of the Assumption

question 46

Multiple Choice

Which if the following is not one of the assumption made by the CBO in the baseline forecast for the budget deficit?

• A) There is no change in the law as it pertains to tax code or the disbursement of mandatory outlays.
• B) Discretionary outlays will grow at the forecasted rate of inflation.
• C) The Bush tax cuts are considered permanent.
• D) Alternative minimum tax exemptions are not indexed for inflation.

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Definitions:

Activation Energy

The minimum energy required to initiate a chemical reaction.

Free Energy

A thermodynamic quantity that indicates the amount of energy in a system that is available to do work at a constant temperature and pressure.

Entropy

A measure of disorder or randomness in a system, often associated with the second law of thermodynamics.

Enthalpy

A thermodynamic quantity equivalent to the total heat content of a system, often used in the study of heat transfer in chemical reactions.